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20121201
20121231
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CNBC 1
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CNBC
Dec 23, 2012 7:30pm EST
a decision. i'll let jeff tell you how we went about that. >> the default position with foundations is they're going to go into perpetuity. perpetuity is a long time and we know from many foundations today that the donor's intent does not continue for many generations. and the energy and the passion in giving doesn't necessarily continue. so we're seeing, and bill gates is a perfect example, bill and melinda decided their foundation will spend down within 50 years of their death. we're seeing more and more foundations use spenddown as a way to have more resources for today's problems, and focus dramatically on what they do. >> jeff, are there particular areas of need, or charity, that you would like to see increased entrepreneurship? anything that looks primed for innovation to you right now? >> yeah, the genius of american philanthro philanthropy, which leads the world by far, is number one volunteerism. number two, as an american industry, innovation. so i think we are seeing, in -- for example, education, dramatic change taking place in terms of charter schools, in terms of focusing on s
Search Results 0 to 2 of about 3 (some duplicates have been removed)